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AngelList India’s Privacy Policy

1. GENERAL

At AngelList India, we are committed to protecting and respecting Your privacy. Please read this document carefully as it provides necessary information in regard to the information You share on Our platform.

For the purpose of this policy (“Privacy Policy”), wherever the context so requires the term "You" or “Your” or "User" shall mean any natural or legal person, and the term "We", “AL”, "Us", or "Our" shall mean AngelList India.

This Privacy Policy has been drafted in accordance with the applicable data protection laws and regulations of India and shall automatically incorporate and comply with any amendments to these laws unless specifically excluded. By using https://www.angellistindia.com (“Website”) and/or providing Your information, You agree to Our collection, storage, processing, transfer, use, and sharing of Your information which may be generic or personally identifiable information that can be used to contact or identify You, which may include Your and/or Your organisation’s name, gender email address, postal address, phone number, PAN, Aadhar, date of birth, father name, citizenship, photographs, demat details, financial and commercial information, cancelled cheque details with respect to Your business, any nominee details,  manner of use of the all the services provided by AL on the Website from time to time (“Services”) or any other information you voluntarily provide to Us in any form, way or manner (“Personal Information”) as outlined in this Privacy Policy. We recommend that You read and understand this Privacy Policy thoroughly, as our access to the Website constitutes Your acceptance of its terms and conditions, including Your free, specific, informed, unconditional, and unambiguous consent to the handling of Your information as described. If You disagree with any part of this Privacy Policy, please stop using Our Services or accessing the Website immediately.

2. HOW DO WE COLLECT INFORMATION

We will only collect the information provided by You. We may collect information through various means including but not limited to the following:

(a) Information that You provide to Us - This may include personally identifiable information such as name, email address, mailing address, and phone number, and financial information, etc., Unique identifiers such as user name, account number, and password and preferences information such as favourites lists, transaction history, etc.;

(b) Information relating to Your business provided by You.

(c) Information that You provide when You write directly to Us (including by e-mail);

(d) Information that You provide to Us over the telephone. We may make and keep a record of the information You share with us.

3. HOW DO WE USE THE INFORMATION COLLECTED

We use Personal Information collected via our Website for a variety of business purposes described below. We process Your Personal Information for these purposes in reliance on our legitimate business interests, to enter into or perform a contract with You, with Your consent, and/or for compliance with our legal obligations. We indicate the specific processing grounds we rely on next to each purpose listed below.

We use the information we collect or receive:

  • To enforce any terms, conditions, policies, and /or any arrangement or agreement entered by Us for our business purposes, to comply with legal and regulatory requirements, and carry out its obligations arising from any contracts between the User and Us.
  • To protect and investigate against any unlawful activities, such as fraud, etc.
  • To respond to user inquiries/offer support to users - We may use Your information to respond to Your inquiries and solve any potential issues you might have with the use of Our Services.
  • To send administrative information to you - We may use Your Personal Information to send You product, service, and new feature information and/or information about changes to Our terms, conditions, and policies.

4. HOW DO WE STORE AND SECURE THE INFORMATION

As a registered user with an account and a password, You are responsible for implementing an appropriately strong password, and keeping Your password confidential. All information You provide to Us is stored on secured servers. However, please bear in mind that the secure servers are not controlled by Us and are managed and operated by third-party service providers.

By submitting Your Personal Information, You agree that Your Personal Information maybe be transferred to and maintained on computers located outside of Your state, province, country, or other governmental jurisdiction where the data protection laws may be different from those from Your jurisdiction.

In the event that We become aware of any breach of the security of Your Personal Information, We will promptly notify You and take appropriate action to the best of Our ability to remedy such a breach.

  1. HOW DO YOU ACCESS THE USER INFORMATION

If We have collected Personal Information from You, You may make a request to exercise the following rights:

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  1. The right to withdraw Your consent at any time where We rely on Your consent to process Your Personal Information;
  2. A right to have Your information rectified if such information is found to be incomplete or inaccurate;
  3. A right to object to Us processing data collected from you;
  4. A right to request that We restrict the processing of Your Personal Information;
  5. A right to be notified in the event of a breach of any Personal Information collected by the platform.
  6. A right to access, update, or delete information that We have about You; and
  7. The right to be provided with a copy of Your Personal Information in a structured, machine-readable and commonly used format;

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It is clarified that any rights that You may have under this clause shall only be applicable and made effective within 30 (thirty) days from the date of the request for the exercise of such right and not to any consents, approvals, or processing of information that has already taken place prior to such date. You may decline to submit identifiable information through the platform, in which case you may not be allowed to access certain features/parts of the Website. It is Your responsibility to ensure that any information you provide to Us remains accurate and updated.

  1. DISCLOSURE OF INFORMATION

We do not share information with companies, organisations, and individuals outside of AL, unless one of the following circumstances applies, without User’s consent;

  1. To comply with Applicable Laws, regulations, legal processes (including an investment transaction), or enforceable governmental requests. “Applicable Laws” shall mean the Digital Personal Data Protection Act, 2023, the Information Technology Act, 2000, or any rules or regulations made thereunder and as amended, modified, or superseded, from time to time.
  2. Enforce any of Our applicable Terms of Service, including any potential violations.
  3. Detect, prevent, and address fraud, security, or technical issues.
  4. Protect against harm to the rights, property, or safety of the Website visitors and service providers, as well as the general public, as required or permitted by law.
  5. WITHDRAWAL OF CONSENT AND UPDATES TO THE PRIVACY POLICY

You may at any time withdraw Your consent for collection and use of Your Personal Information. However, please note that if You withdraw Your consent, We may no longer be able to provide You with the corresponding Services for which You have withdrawn Your consent. It is hereby clarified that Your decision to withdraw Your consent will not affect the processing of the Personal Information based on Your previous consent prior to the withdrawal and a separate request for removal will be required in such cases. If You wish to withdraw Your consent under this Privacy Policy or remove Your Personal Information possessed or stored by Us, You can contact Our grievance officer referred to below. We reserve the right to limit access to Our Website and/or Services based on such request. You will be notified by Us prior to any actions taken in this regard.

We may update this Privacy Policy from time to time. The updated version will be indicated by an updated “Revised” date and the updated version will be effective as soon as it is accessible. We encourage You to review this Privacy Policy frequently to be informed of how we are protecting Your information. If You continue the use of the Services and the Website it shall be deemed as Your acceptance of the updated version of the Privacy Policy.

  1. GRIEVANCE REDRESSAL MECHANISM
  • In order to address any of Your grievances and/or discrepancies in the information displayed on the Website, the Website shall designate the below-mentioned grievance redressal officer.

Name: Nodal Officer, AngelList India

Email ID: hi@angellistindia.com

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Disclaimer: AngelList India is not recognised as a stock exchange by the Securities and Exchange Board of India (SEBI) under the Securities Contracts (Regulation) Act, 1956. AngelList India does not allow any securities issued by it to be traded on the secondary market. AngelList India LLP (LLP Identification Number: AAJ-9883) serves as the Investment Manager for a Category I AIF - Angel Fund (SEBI Registration Number IN/AIF1/17-18/0504) and a Category I VCF (SEBI Registration Number IN/AIF1/18-19/0650). The content on this website is strictly for informational purposes and must not be interpreted as an offer soliciting the purchase or sale of any security or interest in any pooled investment vehicle sponsored, managed, or associated with AngelList India. Any offer to invest will be made separately and only by means of the confidential offering documents of the specific pooled investment vehicle. Investments in startups involve substantial risk, including the complete loss of the invested capital. Participation in such investments is limited strictly to investors who satisfy the eligibility criteria outlined in the SEBI AIF Regulations.

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